2U,INC. (NASDAQ:TWOU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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2U,INC. (NASDAQ:TWOU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

2U,INC. (NASDAQ:TWOU) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On December4, 2018, the Board of Directors (the “Board”) of 2U,Inc., a Delaware corporation (the “Company”) increased its size to twelve (12) members in accordance with the Company’s Seventh Amended and Restated Certificate of Incorporation, and appointed Alexis Maybank as a ClassIII Director to fill the vacancy created by such increase in size, both effective as of December4, 2018. Ms.Maybank’s term will expire at the Company’s 2020 Annual Meeting of Stockholders. Ms.Maybank will be compensated in accordance with the Company’s director compensation program for non-employee directors. As of the filing of this Form8-K, the Board has not determined the committee assignments for Ms.Maybank.

The Company issued a press release announcing that Ms.Maybank will join the Company as a ClassIII Director. A copy of the press release is attached as Exhibit99.1 hereto and is incorporated by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibit is filed as part of this report:


2U, Inc. Exhibit
EX-99.1 2 a18-41232_1ex99d1.htm EX-99.1 Exhibit 99.1   Alexis Maybank,…
To view the full exhibit click here

About 2U,INC. (NASDAQ:TWOU)

2U, Inc. is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program. Its clients use the Online Campus portion of its Platform to offer educational content, instructor-led classes averaging over 10 students per session in a live setting, accessible through Web-based and mobile applications. Its clients use the operations applications within its Platform to enable and support their online operations, and integrate those operations with their existing university systems.